Wednesday, September 18, 2013

Effects of High Fuel Prices Around the World - Link Roundup



High fuel prices (both gasoline and heating fuel) are affecting people all around the world. It isn't just a localized problem. Xtreme Fuel Treatment is a product that can benefit anyone, anywhere!

U.S.A.
9/10 - U.S. fuel prices stable as global fuel price spikes, but that could change as global oil prices continue to shoot up due to what the Energy Information Administration called “unexpected” production outages worldwide, some caused by growing unrest in African and Middle Eastern oil producing nations.

9/16 - With prices rising, natural-gas bill will take a bigger bite this winter. Those really cheap natural-gas prices have left the stage. As a result, it’s a good bet you will pay more to heat your home this winter.

9/17 - National gas price average set to surpass $3 for 1,000th consecutive day. “The reality is that expensive gas is here to stay, which is a hard pill to swallow considering that most Americans rely heavily on their car to live their lives.”

U.K.
9/9 -Fuel prices are leaving families out in the cold.. . a new survey found that more than a third of people are worried about paying their fuel bills this winter.

9/17 - Fuel prices push budgets to 'near breaking point.' Petrol pump price swings in the past 18 months have forced one in six drivers (16 percent) to raid savings, owe money to the bank, pawn possessions or take out a payday loan, AA research reveals.


Philippines
9/4 - Fuel prices Rise on Fears Over Syria. Oil firms raised pump prices for gasoline, diesel and kerosene Tuesday as market jitters drove up fuel prices across the globe. Petron, the No. 1 oil player in the country, attributed the international movements to concerns over “ongoing geopolitical tensions in the Middle East, particularly Syria.”

China
9/14 - China to raise retail fuel prices. China's gasoline and diesel retail prices will be raised Saturday, the country's top economic planner said.

9/16 - Fuel price rise drives up cost of motoring. Motorists in Shanghai will have to pay more for their gasoline from today after China yesterday announced a rise of less than 1 percent in fuel prices, the third increase in two months due to higher crude oil rates.

Brazil
9/16 - Brazil likely to hike fuel prices by Oct. 21. A newspaper, citing unnamed sources, said a “relevant part of the government’s economic team” wanted gasoline prices to rise about 8 percent by that date.

India
9/14 - Comparing the frequent hikes in petrol and diesel prices to a " Jizya tax" on the people, BJP on Saturday said the government has increased the prices by 25 to 30 per cent since January this year and demanded a rollback.

9/15 - Oil secretary Vivek Rae has said consumers must share some oil subsidy burden, indicating an impending hike in diesel, kerosene and cooking gas prices soon. 

South Africa
8/21 - South Africa inflation jumps to 6.3% on fuel costs. South African consumer prices surged by 6.3 percent over the 12 months to July, official figures showed on Wednesday, driven by high petrol prices.

Ghana
9/12 - Fuel prices, transport fares go up by 20%

9/18 - Fuel price increase triggers transport fare confusion. The Ghana Private Road Transport Union (GPRTU) at the week increased fares by 20 percent in response to Tuesday's fuel price increase by three percent. 

Kenya
9/14 - Higher fuel prices to hurt consumers. The prices of fuel have increased again for the third time raising the cost of living for Kenyans days after the government increased tax on basic goods.

Europe
8/28 - Gas Price Jump Seen in Record Europe Stockpiling: Energy Markets. “We may see extreme price spikes if this winter starts early, lasts long or both,” said Meyer, a gas trader for seven years.

*Image courtesy of cooldesign / FreeDigitalPhotos.net

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